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Stryker SYK Return on equity

Discontinued — last reported Q4 '18

Return on equity at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%-3.0pp
Boston Scientific logo
Boston ScientificBSX
14.8%+5.2pp
Intuitive Surgical logo
Intuitive SurgicalISRG
17.2%+1.3pp
Zimmer Biomet Holdings logo
Zimmer Biomet HoldingsZBH
6.1%-1.2pp
Medtronic logo
MedtronicMDT
9.8%+0.4pp
STERIS logo
STERISSTE
11.3%+1.8pp

Other financials

Income statement

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Revenue$6.0B+2.6%
Gross profit$3.8B+1.8%
Operating income$936.0M+11.8%
Net income$745.0M+13.9%
EPS (diluted)$1.93+14.2%

Balance sheet

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Cash & equivalents$2.9B+24.1%
Total debt$14.4B-15.1%
Total assets$46.3B+0.6%

Cash flow

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Operating cash flow$581.0M+132%
CapEx$166.0M+35.0%
Free cash flow$415.0M+227%

Valuation

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Market cap$115.45B-11.4%
Enterprise value$126.95B-12.4%
P/E34.6×-11.0×
P/S4.6×-1.0×

Profitability

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Gross margin63.8%-0.1pp
Operating margin19.7%+4.4pp
Net margin13.2%+0.9pp

Returns & leverage

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Debt / equity0.8×
Current ratio2.1×+0.5×

Where this comes from

Calculated from Stryker’s reported figures.

Based on trailing twelve months.

The official record: Stryker’s 10-K, filed February 6, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.